Central Bank placed short-term notes for AZN 250 million


July 11, Fineko/abc.az. The Central Bank of Azerbaijan (CBA) held today an auction on placement of short-term notes.

The Baku Stock Exchange reports that on 11 July the CBA offered the notes with state registration number 50100470s in the amount of AZN 250 million for 28-day period.

The 16 investors submitted 25 orders for totally AZN 658.685 million. The investors gave AZN 99.3812 for the notes (yield: 8.01%).

In accord with the CBA decision the cut-off price was set at the level of AZN 99.3812 (yield: 8.01%) and the weighted average price was equal to it. As a result, the short-term notes for AZN 250 million were placed.

The maturity date of the notes is 8 August 2018.